The Westwood home at 10367 Louisiana Ave., LA CA 90025 lasted about 2 weeks on the market before accepting an offer on 3/31/14. This home was purchased early last year for $1,250,000 ($155,000 over the asking price) as a total fixer/teardown type property. The owner rebuilt, expanded and remodeled the former 3 bedroom ~1,700 sf home to the now 5 bedroom and ~3,600 sf home. This is a completely renovated, almost like new construction home and is in completely move-in condition.

The Westwood home at 2341 Midvale Ave., LA CA 90064 lasted about 1 month on the market before accepting an offer on 4/14/14. Listed on 3/13/14 for $1,988,000, the home received one $89k price reduction during the listing term. Two weeks after the price reduction, the sellers accepted an offer. This home was purchased mid last year for $1,050,000 ($51,000 over the asking price) as a total fixer/teardown type property. The current owner rebuilt, expanded and remodeled the former 4 bedroom ~1,600 sf home to the now 5 bedroom and ~2,800 sf home. Needless to say, this is a completely renovated, almost like new construction home and is in completely move-in condition.

What Did That Westwood Home Sell For?The Westwood home at 1902 Midvale Ave., LA CA 90025 lasted about 1 month on the market before accepting an offer on 3/17/14.
Listed February 14th, 2014 for $2,199,000, the home received one $200k price reduction during the listing term. It today's market, it is very rare for me to post a price reduction in Westwood for a single family home. This particular home is a new construction architectural style home in the heart of the Westwood Blvd corridor. For those that know the neighborhood, the previous original house used to have an owner who built extravagant Halloween haunted houses in the front yard each year for the kids.
Have Pets? You can walk ~50 yards to the Petco and get your supplies. Eat alot of vitamins/supplements? You can walk less than ~50 yards to the Vitamin Shoppe. Situated on the corner of Midvale and Missouri, this is a very convenient location to stroll a block to all the shops and food places on Westwood Blvd.
On 5/12/14, 1902 Midvale Ave closed about 99% of the asking price at$1,980,000 |$639 $/sf|. According to the MLS, the home is a 5 bedroom / 3 bath, 3,100 sq ft of living space on a 7,441 sq ft lot.

The Westwood Little Holmby home at 10555 Strathmore Drive, LA CA 90024 lasted about 12 days on the market before accepting an offer on 4/14/14. This is a straight forward total fixer project house. Backyard is on the smaller side, with a little bit of hillside in the back.
10555 Strathmore Drive closed on 5/08/14 about 5.6% over the asking price at$1,900,000 |$750 $/sf|. According to the MLS, the home is 4 bedrooms/ 3 baths, 2,535 sq ft of living space on a 6,890 sq ft lot.

The Westwood home at 2025 Fairburn Ave, LA CA 90025 received a price reduction of 3.23% or $50,000, down to $1,499,000 |$/sf 538|. Listed March 18th, 2014 for $1,549,000, this is the 1st price reduction of the listing term. This 30's traditional is on one of the nicest streets in the south of Santa Monica Blvd neighborhood. Typically much quieter of a street because it's not much of cut through street from Santa Monica Blvd to Olympic. This is a larger house, but needs lots of work and updating to be more desirable. A+ location south of Santa Monica Blvd.
According to the MLS, the home is a 5 bedroom / 3 bath, 2,784 sq ft of living space on a 5,769 sq ft lot.

The Westwood Little Holmby home at 215 Loring Ave., LA CA 90024 lasted 11 days on the active market before accepting an offer on 3/25/14. This property is one of the grander homes that has been on the market in Little Holmby in quite some time and sits on one of the more desirable streets in Little Holmby as well. Not only is it one of the bigger homes, with over 6,600+ square feet, it sits on a larger than average flat lot, 15,932 sqft. There has been some updating throughout, however, there remains many dated features in the house that could use remodeling. With this house selling over $6,000,000, this is one of the most expensive sales in Little Holmby history.
215 Loring Ave. closed on 5/08/14 7.7% over the asking price at$6,300,999|$949 $/sf|. According to the MLS, the home is 6 bedrooms/ 6 baths, 6,640 sq ft of living space on a 15,932 sq ft lot.

The Westwood Hills home at 259 Tilden Ave LA CA 90049 received a price reduction of 7.85% or $255,000, down to $2,995,000. Listed 3 weeks ago for $3,250,000, this the 1st price reduction of the current listing term. This 30s traditional is situated high up on a large corner lot in the eastern side of the Westwood Hills neighborhood. The grand house looks more original throughout, at least in the finishes, and is ready for someone to come in and remodel throughout. There are about 20 steps from the sidewalk up to the front door. However, the driveway ramps up to the same level of the house in the backyard, thus limiting the steps needed to walk to get into the house.

According to the MLS, the home is 5 bedrooms/ 4 baths, 4,269 sf of living space on a 9,850 sq ft lot.

What Did That Westwood Home Sell For?
The Westwood home at 10548 Wellworth Ave., LA CA 90024 lasted about 2 weeks on the market while they collected offers. This 1930's traditional sat on a larger than average flat corner lot. The home is in need of a complete remodel, but the floorplan was workable to be a fixer and not just a teardown. With 4 bedrooms and over 2,600 sq ft of house, I could see someone just gutting and fixing vs needing to expand or build a-new. Price very attractively, the home received offers in the upper teens and went well over the asking price.

On 4/30/14, 10548 Wellworth Ave closed about 17% over the asking price at$1,745,000 |$656 $/sf or $235 $/sf for the lot|. According to the MLS, the home is a 4 bedroom / 3 bath, 2,661 sf of living space on a 7,411 sf lot.

What Did That Westwood Home Sell For?
The Westwood home at 2356 Kelton Ave., LA CA 90064 lasted about 3 weeks on the market while they collected offers. This home was advertised as a tear down property and they were only looking for all-cash offers. Even though this was a tear down, small 2 bedroom home and close to Pico, this was priced well under market value.

On 4/29/14, 2356 Kelton Ave closed about 35% over the asking price at$1,076,000 |$852 $/sf or $170 $/sf for the lot|. According to the MLS, the home is a 2 bedroom / 1 bath, 1,263 sf of living space on a 6,345 sf lot.